Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-06-07
RAILROAD TO PLACERyILLE.
The Arrangements for its Construction
and how They were Effected.

and how They were Enected.
From the Mountain Democrat
1t is with pleasure that we are able to
record this week the fact that all necessary
arrangements having been made, Placer
Vile is soon to be directly connected with
the outside world by rail, through the ex-
tension of the Sacramento and Placeryille
road from Single Springs to this place
On Wednesday last the Board of Supervis-
ors refunded the bonded Indebtedness of
the county, and Immediately thereafter the
railroad company, upon receipt of stipu-
lated sum, gave bond in 100000 to have
the road complet ed to Placerville within one
year. Thus is brought about that which our
citizens have long sought for and hereto
fore vainiy endeavored TO accomplishing
opening up and development of our county
by means Of rail communication with the
rest of the State.
1t is now several months since the inau-
guration of this latest movement, which
has terminated SO auspiclously. Our citi-
zens were called together one afternoon at
the Courthouse 10 take action upon let
ter received from G. z. Huntington, max
ing proposition whereby the extension of
the road should be guaranteed. The result
of that meeting was large committee,
which went to the city. interviewed the
railroad officials. and came home not know
ing as much as when they went away. The
movement promised to result disastrously
to our interests, when three members of
that committee, Messrs. Geo. E. Williams.
A. Mierson and H. s. Morey, realizing the
opportunity offered to bring our county
out from the cloud resting upon it, of their
own accord undertook to enter into nego-
tiations with the railroad company 10 ar
range the matter satisfactorily to all con-
cerned.
When they started upon the negotiations
they had upon which to work the PROPOSE
ton of c. P. Huntington, with which all
our readers are familiar-a proposition to
build the road providing our citizens gave
the right of way and placed $50, 600 worth
of the bonds of the road. This was an ex-
tremely difficult question to meet and
solve, but the trio started in undaunted. 1t
was not long before negotiations took an
entirely different turn, and an adjustment
of the question included also the settlement
of our country'S Indebtedness in an honor
able way, and speedily. Visit after visit
was made to the city. lasting week or
two at time; many financial difficulties
were encountered and overcome, and finally
the matter was gotten in such shape that
the successful outcome rested with the Su-
pervisors of this county.
Then the Supervisors were approached
upon the refunding scheme. All were not
favorable thereto at first but finally real
lied of what importance the matter was to
our county, and unanimous verdict was
in favor of refunding the debt upon the
terms proposed, and not only saving a
large amount of money to our county. but
gaining back its name and financial stand
ing.
Then the committee redoublei its efforts,
with success almost assured, and all details
were arranged for the final contamination
on the 3lst of May. When the Board of
Supervisors met on that day the PROPOSE
lion stood thus: The bonded Indebtedness
of FL Dorado county, with interest accumu-
latIons amounted to S259,000. The bonds
OF this county. which were bearing ten per
cent. interest, were held by ]. NJ. McDon-
aid of San Francisco, who came before the
Board of Supervisors and asked them to
refund the debt at 100000, the bonds to
run for twenty years and bear five per cent.
interest. He agreed to accept this 5000. 600
in bonds in lieu of the $3.50 600 in the con-
dition il then stood. 1t was furthermore
agreed that if this were done the railroad
company would file bond to build the
road to Placerville within one year.
The proposition was accepted. New bonds
were issued, the old bonds surrendered,
and 100000 bonds given by the railroad
company TO extend their line to Placeryille
within one year.
The committee were triumphant The
old railroad difficulty has been settled. The
county has issued new bonds to fulfill its
contract with the railroad company, and
the company have placed themselves under
bonds to fulfill their agreement with the
people of the county.
Now, with the difficulty of railroad trans
portation about to be removed, the future
of Ell Dorado county rests in the energy of
its population. We have county une-
qualed for .productiveness by any in the
State; we have county wherein there is
room for thousands. and where homes are
cheap we have county wherein our gold
mines are but beginning to yield the hid
den millions; we have county that can
again be made the banner county in the
State and all we need is energy and adver-
Using. Let us stand together and work for
the future